The purpose of this position is to manage multi-disciplined commercial real estate cost solutions for clients with direct accountability for construction project cost control and planning expertise.
Characteristics of responsible costs:
Complexity: Medium to High
Risk: Low to Medium
Duration: Long term [months to year(s)]
Portfolio Value: Typically < $100 Million USD
Region: GWS Account
ESSENTIAL DUTIES AND RESPONSIBILITIES
Develop project investment strategy with client, including the evaluation of proposals for new facilities and the expansion or conversion of existing facilities.
Support planning for proposed facilities and plants. Support the development of consolidated facility studies incorporating, cost estimates, value analysis/value engineering.
Establish standardized processes, common business practices, consistent method of maintaining historical estimating data and institutional knowledge. Include analysis of current global construction techniques and materials.
Manages all facets of cost management (budget, schedule, procurement, quality & risk) for real estate projects or programs throughout planning, design, construction, occupancy and closeout.
Analyze costs of alternative designs, material and construction methods where Company construction activities may take place. Recommend selection of most economic methods for specific programs and areas.
Evaluate project scope and client needs to develop and present recommended budgets for necessary pre-bid and pre-construction cost estimating and cost planning services. Partner with project team to source and oversee the pre-bid and pre-construction services associated with the development of a project budget and cost plan.
Produce concept level estimates to aid feasibility studies and assist with business cases, leveraging a range of information from simple internal benchmarking to detailed market data and estimates taken from drawings and specifications. Issue recommendations for the application of an Estimator to produce costing of greater detail; incorporate estimator into project team –
manage performance of estimating tasks/deliverables.
Create and manage a detailed cost plan; produce and maintain detailed cost reports on a regular basis and present these reports to the Client. Align cost plan with project master schedule; provide cost guidance and direction to achieve cost goals with scope/schedule.
Promote Value Engineering (VE) as a continual process to be implemented throughout the duration of the project and where necessary lead (or support if lead by Project Manager) Value engineering workshops, exercises and provide ideas and initiatives to add value. Act as a resource for implementing best practices to optimize the outcome of all VE efforts including tools, reports and goals – track/report progress against cost savings and value to fee targets.
Reconcile all estimates and change orders; scrutinize, analyze and perform due diligence on all change orders; lead reconciliation meetings with General Contractors, Construction Managers and third party consultancies. Update cost plan/report accordingly and advise project team of cost risk mitigation strategies required to main cost compliance; advise project team and Client of high risk cost issues.
Assist the Client and design team with life cycle costing of LEED/sustainability initiatives (as appropriate).
Support cost/budget aspects of the project closeout; negotiate, agree and settle final accounts and close-out statements.
Capture project costs for contribution to cost benchmarking/estimating databases and tools. Determine root cause of variation between estimated and actual cost values for construction commodities on major programs. Update institutional knowledge base to inform/ adjust ongoing / future estimating activities.
Where applicable, provide tools, processes and training to ensure all team members provide cost management services consistently across a project, program or geography. Proactively seek opportunities to improve delivery of services; adjust as needed.
Manages 3rd party cost delivery resources/team at both the project level or regional level. Suggest and implement contractual adjustments as appropriate; implement project or account specific performance management solutions.
Other duties as assigned.
Plans and monitors appropriate staffing levels and utilization of labor. Mentors and coaches team members to further develop competencies. Leads by example and models behaviors that are consistent with the company’s values.
Prior experience in a supervisory position (direct report responsibilities) required if specific duties include direct report responsibilities.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor’s degree (BA/BS/BEng/BArch) from College or University in a technical area of study.
Minimum six years of related experience and/or training.
CERTIFICATES and/or LICENSES
RICS (Royal Institute of Chartered Surveyors) or CIOB (Chartered Institute of Building) accreditation preferred.
PMP (US and/or Canada) and LEED AP preferred.
Ability to comprehend, analyze, and interpret the most complex business documents. Ability to respond effectively to the most sensitive issues. Ability to write reports, manuals, speeches and articles using distinctive style. Ability to make effective and persuasive presentations on complex topics to employees, clients, top management and/or public groups. Ability to motivate and negotiate effectively with key employees, top management, and client groups to take desired action.
Requires in-depth knowledge of financial terms and principles. Ability to calculate complex figures. Ability to forecast and prepare budgets. Conducts financial/business analysis including the preparation of reports.
Ability to comprehend, analyze, and interpret complex documents. Ability to solve advanced problems and deal with a variety of options in complex situations. Requires advanced analytical and quantitative skills.
OTHER SKILLS and/or ABILITIES
Advanced skills with Microsoft Office Suite. Working knowledge in MS Project, Access, Share Point and Excel is helpful. Knowledge with estimating software such as OST preferred. Ability to read and understand architectural drawings. Knowledge of leases, contracts, and construction practices preferred. Working knowledge with Primavera P6 software is desired.
SCOPE OF RESPONSIBILITY
Decisions made with in-depth understanding and interpretation of procedures, company policies and business practices to achieve general results. Responsible for setting department deadlines. Errors in judgment may cause long-term impact to co-workers, supervisor, department and/or line of business.
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